Overview
Join to apply for the Cash Applications Specialist role at BioMatrix Specialty Infusion Pharmacy
Base pay range : $24.00 / hr - $26.00 / hr
This range is provided by BioMatrix Specialty Infusion Pharmacy. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Schedule & Location : Monday Through Friday From 8am Eastern Standard Time To 5pm Eastern Standard Time. It is anticipated that an incumbent in this role will work on-site at our corporate office in Plantation, FL.
Introduction / Company Overview
BioMatrix is a nationwide, independently-owned infusion pharmacy with decades of experience supporting patients on specialty medication. Our compassionate care team helps patients navigate the often-challenging healthcare environment. We treat our patients like family and get them started on therapy quickly. We work closely with them as well as their family and their healthcare providers throughout the patient journey, staying focused on optimal clinical outcomes. Our Inclusion, Diversity, Equity, & Access (IDEA) philosophy emphasizes a welcoming space where everyone's contributions are acknowledged and celebrated. We aim to attract and retain diverse, high-performing individuals.
Responsibilities
- The Pharmacy Cash Applications Specialist is responsible for day-to-day, prompt and proper daily reconciliation of major medical and pharmacy claims payments for AR-related accounts.
- Maintain the integrity of cash and A / R transactions to ensure maximum efficiency and accuracy of accounts receivable balances.
- Process ERA, EFT, Lockbox transactions; maintain petty cash; ensure adherence to cash-related procedures and financial control policies.
- Post payments and adjustments both electronically and manually.
- Daily scanning of batches as applicable.
- Process and apply all daily cash receipts, non-cash transactions, A / R adjustments, denials, write-offs, and credit balance refunds.
- Perform miscellaneous job-related duties as requested.
Qualification Requirements
High School diploma or equivalentMinimum 3 - 5 years' experience in medical / pharmacy setting cash postingKnowledge of Medical terminologyKnowledge of Coding ICD-10, HCPCS, CPT, HERUnderstanding and knowledge of revenue cycle, insurance billing and payment / Banking reconciliationMaintains the strictest confidentiality of patient information in compliance with HIPAA, state and federal regulationsStrong verbal and written communication skills to individuals and business at all different education levelsAdvanced computer skills and knowledge of Microsoft Office (Word, Excel, etc.)Qualifications Preferred
Certificate, associate degree or bachelor's degree a plus, but not requiredCPR+ Pharmacy Software experience, a plus, but not requiredEssential Functions And Responsibilities
Preparing daily deposits as applicableMaintains daily deposit batch sheetsPrepares cash batches by finding the batch and setting it up in the billing systemLock-Box deposits will be received with proper back-up / patient identificationReconcile posted checks received with checks depositedReview a claim rejection / denial, review the EOB, reconcile, make corrections appropriatelyPost cash and credit card payments to patient accounts and processes, if neededApply the payments from EOBs, claims and other documents into the billing system to the proper patient account. Posts refunds and processes per policy.Enters the proper contractual adjustments from the Explanation of Benefits (EOB)Flag all payments that receive a contractual above 10%, denials and other unusual items for the collections departmentPosting of denials and zero payProcesses all incoming correspondence appropriatelyCompile and sort documents such as invoices and copies of checksProcess write-offs according to internal policies and proceduresCommunicate with field, pharmacy staff, and patients when neededNon-essential Functions & Responsibilities
Self-motivated and able to work with minimal supervisionAbility to prioritize and manage multiple responsibilities in a fast-paced environmentProblem analysis and assessmentAttention to detail and high level of accuracyTeamwork and collaborationCommitment to excellent customer serviceAbility to meet deadlinesKnowledge, Skills And Abilities Requirements
Ability to maintain accurate records and prepare reports and correspondence related to the workExcellent verbal, written, and communication skillsCommunication Skills
Oral Communication - Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; demonstrates group presentation skills; participates in meetings.Written Communication - Writes clearly and informatively; edits work for spelling and grammar; varies writing style to meet needs; presents numerical data effectively; able to read and interpret written information.Computer Skills
Become proficient in all programs necessary for execution.Physical Demands And Work Environment
This position requires constant sitting with occasional walking, standing, kneeling or stooping.Use of hands to finger, handle or feel objects; ability to reach with hands and arms.Constant talking and hearing; specific vision abilities required include close vision and the ability to adjust focus.Occasional lift and / or move up to 20 pounds, with potential to move / lift physical hardware.Other
Will participate in legal and ethical compliance training each year.Will consistently behave in compliance with BioMatrix LLC's legal and ethical policies and procedures.Will abide by the policies of BioMatrix LLC as set forth in the Compliance Manual.Will not participate in any conduct considered to be unethical or illegal.EEO / Employment Information
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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